The mania for short-term yield across the self-managed superannuation sector has been blamed for worsening a national corporate investment strike that will ultimately lead to weaker growth and fewer jobs.

Listed investment companies and exchange traded funds managed to bring in an extra $2.6 billion last year on the year before, with analysts linking the effort to a thirst from the self-managed super fund (SMSF) market for low cost options.

Street Talk

Street Talk

Brokers were calling New Zealand aluminium smelter Tiwai Point's new electricity contract a "very good outcome for the industry" on Monday morning, with multiple power companies pitching in to take the load off Meridian Energy.